Regional Tasmanian holiday homes performing well: HTW residential

The Tasmanian north-west coastal market is steady while other regional locations are performing well, according to a recent Herron Todd White (HTW) residential report. 

"Devonport, Ulverstone and Penguin have some confidence," the valuation firm said. 

"Burnie is steady to slightly positive but still could use a few more people."

The report notes that holiday townships such as Bridport, St Helens and Orford are continuing their strong march from 2018 as people continue to seek that beach side holiday home.

A three bedroom home located in seaside resort Orford recently sold for $545,000.

The modern home at 12 Nautilus Drive (pictured above) comes with three bedrooms, entertainer's kitchen with adjoining dining and family area, and large deck. 

Other features include secure back yard with plenty of parking, one bedroom teenager retreat or granny flat and single garage. 

It was last sold for $85,000 in 2013. 

"The town to be careful of is George Town as Temco has just announced a review of the ongoing operations of their smelter at Bell Bay," HTW said.

"The result of the review won’t be released until October.

"There are 300 jobs on the line and it is one of two industrial plants the town has been historically dependent upon." 

A three bedroom brick veneer house in George Town was sold for $139,000 in June. 

Sitting on a large level block, the house at 5 Jacobs Avenue (pictured above) comes with three bedrooms, one bathroom a and small garden shed. 

It is within easy walking distance to the sports grounds and the IGA supermarket.